So you really have no option except to delead.

If you pay cash you can get any loan you want (except for owner occupied loans, if its strictly investment property).

A cash out is very different from the delayed financing exception.

Use it to bring them back to the table to negotiate an increase that you and they find suitable.But yes I believe that Newark's rent control ordinance calls for a 3% yearly rent increase with some exceptions.

Unfortunately, I never claimed depreciation the entire time I owned it (except for tax year 2021 when I finally was made aware). 

As far as the level of buyers it has, I haven't been able to source a buyer via the blast system yet, because I mostly work more "B" markets, and IL seems to be better for sourcing buyers in "A" markets, except, again if you're doing the manual work of pulling the buyer list that I described earlier, and reaching out to those people. 

There are exceptions within SB 608 that would allow units needing repair and are "inhabitable" that allow you to give notice.

Of course there can be exceptions based on strength of borrower and existing relationship with a lender but I am talking more general terms what NNN lenders are looking for right now.  

., and then gut one or two units at a time, until all units are renovated OR (2) do not do any improvements on most of the units, except the ones that are being majorly renovated. 

It's perfectly fine except I would remove the amount you have on the first sentence.Don't forget to include your phone number!